Yuchengco-led PetroGreen, Ming Yang Sign Strategic Cooperation Agreement on Offshore Wind Development

November 09, 2026

Yuchengco-led PetroGreen Energy Corporation (PGEC), the renewable energy arm of publicly listed PetroEnergy Resources Corporation (PERC), signed a Strategic Cooperation Agreement with Ming Yang Smart Energy Group Ltd. (Ming Yang), a leading Chinese wind turbine manufacturer, on November 6, 2026, in Zhongshan, China.

The Agreement establishes a framework for cooperation in the development of offshore wind projects in the Philippines, initially focusing on the planned 2-gigawatt (GW) Northern Luzon Offshore Wind Project in Ilocos Norte being developed by PGEC’s affiliate, Buhawind Energy Northern Luzon Corporation (BENLC).

Under the Agreement, PGEC and Ming Yang will collaborate on technical, logistical, and economic studies, including the assessment of suitable offshore wind turbine technologies, expected energy production, development approaches, and project cost estimation. In addition, Ming Yang will also support training and upskilling in offshore wind technology and development for engineering students, faculty, and other professionals in the Ilocos Region.

The parties also discussed opportunities for broader collaboration in the Philippine renewable energy sector, including battery energy storage systems, solar power, and other related technologies.

The partnership brings together PGEC’s experience in Philippine renewable energy development and Ming Yang’s technical expertise in offshore wind technology and equipment manufacturing. The Agreement provides a framework for evaluating potential projects, with specific commercial and investment arrangements subject to further discussions and separate definitive agreements.

For media Inquiries :
Vanessa G. Peralta
vgperalta@petroenergy.com.ph